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Variance Function In Excel

Variance Function In Excel - It assesses the average squared difference between data values and the mean. The variance reflects the variability of your dataset by taking the average of squared deviations from the mean. Variance measures the spread between numbers in a data set. The units of variance are the square of the units measured in the data set. The larger the variance, the more spread a set of data is. Subtract the mean and square the result (the squared difference). Unlike some other statistical measures of variability, it. Variance is a statistical measurement that is used to determine the spread of numbers in a data set with respect to the average value or the mean. Variance is a measure of variability in statistics. Then calculate the average of those squared.

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